Maral Overseas has received approval from board of directors for setting up a spinning unit of 18864 spindles for producing yarn at its existing Sarovar Plant (M.P.) with estimated outlay of Rs 122.94 crore. This unit is expected to commence production in F.Y 2023-2024.
The company has also received approval for setting up of new unit for the garment business of company at Noida (U.P.) with estimated outlay of Rs 14.93 crore. This unit is expected to commence production in second quarter of the F.Y 2022-2023. The Board of Directors of the company, at its meeting held on February 03, 2022 has approved the same.
Maral Overseas is one of India's largest vertically integrated textile companies.